Empowered Funds LLC Acquires 56,908 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Empowered Funds LLC raised its holdings in Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,877 shares of the company's stock after acquiring an additional 56,908 shares during the period. Empowered Funds LLC owned approximately 0.44% of Ranpak worth $2,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PACK. The Manufacturers Life Insurance Company raised its holdings in shares of Ranpak by 8.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,098 shares of the company's stock valued at $116,000 after acquiring an additional 1,464 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ranpak in the 3rd quarter valued at about $106,000. Semanteon Capital Management LP purchased a new position in shares of Ranpak during the 3rd quarter valued at about $230,000. Roubaix Capital LLC raised its holdings in shares of Ranpak by 7.0% during the 3rd quarter. Roubaix Capital LLC now owns 641,429 shares of the company's stock valued at $4,189,000 after buying an additional 41,872 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Ranpak by 1.8% during the 3rd quarter. GSA Capital Partners LLP now owns 289,721 shares of the company's stock valued at $1,892,000 after buying an additional 5,254 shares in the last quarter. Hedge funds and other institutional investors own 85.94% of the company's stock.

Ranpak Trading Up 0.9 %

Ranpak stock traded up $0.07 during trading hours on Monday, reaching $7.64. The company had a trading volume of 194,744 shares, compared to its average volume of 1,109,217. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 2.01. The company has a 50-day moving average price of $7.05 and a 200 day moving average price of $6.87. The firm has a market cap of $635.69 million, a price-to-earnings ratio of -31.81 and a beta of 2.40. Ranpak Holdings Corp. has a 12-month low of $4.30 and a 12-month high of $9.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PACK shares. Robert W. Baird decreased their price objective on Ranpak from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Cantor Fitzgerald started coverage on Ranpak in a report on Thursday, December 19th. They set an "overweight" rating and a $11.50 price objective on the stock.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.